Looking for the meaning of the word OLIGOPSONIES in English for both noun and verb forms from the Oxford Dictionary? Below, you can explore all possible meanings and definitions of OLIGOPSONIES with sentence examples. You can also use the “AUDIO PRONUNCIATION” track to check the correct pronunciation in British English.
Word: Oligopsony
Speech Type: Noun
Etymology:
1930s: from oligo- ‘small number’ + Greek opsōnein ‘buy provisions’, on the pattern of monopsony
Audio Pronunciation:
Phonetic Spelling:
ˌɒlɪˈɡɒpsəni
Dialects: British English
Definition:
a state of the market in which only a small number of buyers exists for a product.
Short Definition:state of market in which only small number of buyers exists for product
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